Hedge funds profit from ‘Trump trades’ around US election

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Financial Times 2d ago

Hedge funds profit from ‘Trump trades’ around US election - Financial Times

Quick Summary:

Element gained about 9 per cent in November, according to a person familiar with the figures, bringing returns so far this year to 19 per cent.

PointState Capital, which oversees $5.5bn and trades a range of assets, was up 44 per cent this year, according to a person familiar with the matter.

Meanwhile, Graham, which manages about $19bn in assets, made around 3 per cent in November in its Proprietary Matrix fund, said a person who had seen the numbers.